Questions tagged [hawala]

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Bitcoins & Somalia

Minneapolis has a large community of immigrants from Somalia. They have been accustomed to sending money to relatives there. One person among them sent money to a terrorist organization that had an agent in Somalia. Seemingly in response to that…
Michael Hardy
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How can I use Bitcoin to send a remittance payment to someone non-technical?

The existing remittance methods such as Western Union are pretty straight forward for the recipient ... after being notified, show up at any agent location, show ID and/or give a secret code and collect the cash. Assuming the remittance recipient is…
Stephen Gornick
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Is 'hawala' and Bitcoin similar?

Hawala is an old indian/middle east , money transaction system , based on mutual trust, and uses an encryption system based on spoken keycodes.How is it similar to bitcoin transaction system?